Bloomberg analysts are adjusting their forecasts for an early opening of spot ETF trading in the US. It's earlier on July 2 than the original expected date of July 4.
Bloomberg ETF analyst Eric Balchunas posted on June 15 on X that he had revised his forecast history. The launch date for the Spot Ether ETF is July 2, after comments from SEC officials on the S-1 approval request were somewhat lukewarm. Meanwhile, applicants for Spot Ether ETFs will be required to file S-1 documents within this week.
“There is a fair chance that will happen and the SEC will consider approval over the next week. To clear it from my desk before the weekend. Anything is possible but this is our best estimate at the moment.”
This opinion reflects that his confidence has increased. This compares to the day before when ETF applicants were still awaiting affiliate feedback. The Securities and Exchange Commission oversees the disclosure of information. It is considering whether or not to postpone the original July 4 forecast.
Incidentally, on May 23, the SEC approved 19b-4 applications from a total of 8 companies to allow the registration and trading of Spot Ether ETFs on various exchanges. But this money cannot be traded on the secondary market yet. Until the S-1 form is approved by the SEC first.
A week earlier, SEC Chairman Gary Gensler said that the speed of approval of an Ethereum ETF would depend on how quickly issuers were able to process feedback from the SEC.
source: Cointelegraph